Malaysia Aviation Group (MAG), parent of national carrier Malaysia Airlines, said Tuesday it is studying ways to dispose of its fleet of Airbus A380 aircraft, although it has not yet submitted a proposal to its board of directors.
“We are aware of the challenges involved in the sale of this aircraft, but we are still studying how to dispose of our Airbus A380 fleet. At this point, management is convinced that the aircraft does not fit into the future plan,” said Capt. Izham Ismail, group chief executive officer, at a virtual press conference.
The group has also agreed with Boeing to take delivery of its 737 MAX orders from 2024.
“We have committed to take delivery of the MAX in 2024, but we are also looking at the possibility of taking delivery earlier,” Izham said, adding that he expects the issues related to the 737 MAX to be resolved by then and consumer confidence to be restored soon.
The group is restructuring its business to position itself as a global travel group, becoming a “one-stop shop for all travel needs” and expanding beyond the air business.
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